Entries for Costs in a Job Order Cost System Velasco Co. uses a job order cost system. The following data summarize the operations related to production for July: a. Materials purchased on account, $568,290 b. Materials requisitioned, $477,360, of which $62,060 was for general factory use c. Factory labor used, $585,340, of which $111,210 was indirect d. Other costs incurred on account for factory overhead, $136,390; seling expenses, $210,270; and administrative expenses, $125,020 e. Prepaid expenses expired for factory overhead, $26,140; for selling expenses, $22,160; and for administrative expenses, $15,910 f. Depreciation of office building was $76,150; of office equipment, $38,640; and of factory equipment, $26,140 Q. Factory overhead costs applied to jobs, $323,930 h. Jobs completed, $750,140 1. Cost of goods sold, $727,410 Required: Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. a. Materials purchased on account, $568,290. Entry Description Credit